Power Tools Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

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Power Tools include, among other things, tools for building, gardening, cleaning, drilling, painting, and heating. Increased interest in gardening and landscaping, as well as an increase in disposable income and a better lifestyle, are all contributing to the expansion of the Power Tools Market. The growing construction sector in emerging nations, high demand for power tools in the automotive industry, increased use of battery-powered power tools globally, and surging demand for electric fastening tools in the industrial environment are all contributing to the market's expansion. However, obstacles such as the high cost of power tool repair and replacement parts, as well as changes in raw material costs, are limiting market expansion. On the other hand, increasing acceptance of fastening tools in the wind energy industry, the development of smart and connected power tools, and increased demand for power tools from residential applications are all likely to generate significant prospects for power tool adoption in the coming years. The power tool industry is segmented, with several companies present. Strategic partnerships and mergers and acquisitions are being formed by industry participants in order to provide competitive differentiation and strengthen their product portfolio. The global market has a high level of competition. The key players are involved in technological innovation and advancement to improve the features and ease of use of the product.


Power tool sales are boosted by increased demand from the construction industry as a result of enhanced infrastructure initiatives. In the construction sector, power tools are used because they provide better efficiency and accuracy, as well as increased worker safety. The construction industry's rise stimulates demand for power tools, resulting in sophisticated infrastructure advancements. In the construction business, power equipment like drills and hammers are commonly employed.

Technological advancements in battery technology and the use of electric power tools in industrial and residential applications are expected to drive demand for electric corded power tools. The growing demand for DIY techniques for home use is propelling segment demand. The market revenue is being driven by the increasing demand for flexible, mobile, and compact tools.

Due to strong government support and rising income levels, the construction sector in emerging nations such as India and China are predicted to increase significantly, fueling the expansion of the power tools market. India has spent roughly one-ninth of its GDP on infrastructure development in recent years, and this trend is expected to continue in the coming years. The utilization of power tools in India is expected to increase as infrastructure improvement efforts increase. Furthermore, prominent players' continuous advancements in power tools help to boost their demand. For example, in November 2019, Dremel, a Bosch brand, released the Dremel Lite multi-tool, a compact cordless device line.

Power tools are developed using raw materials like resins, ferrous and non-ferrous metals such as steel, zinc, copper, brass, aluminum, and nickel. Battery packs, motors, and electrical components are all included in power tools. The availability of raw materials for power tool manufacturers is extremely important. Manufacturing interruptions, delays, inefficiencies, or the inability to market products could all be caused by fluctuating raw material, component part, or finished goods costs. Raw materials for power tools can be found all over the world and can usually be found at competitive prices from many suppliers.


By Tools Type

·         Drilling and Fastening Tools

o   Drills

o   Impact Drivers

o   Impact Wrenches

o   Screwdriver and Nutrunners

·         Demolition Tools:

o   Rotary Hammers/Hammer Drills/Demolition Hammers/Air Hammers

·         Sawing and Cutting Tools:

o   Jigsaws

o   Reciprocating Saws

o   Circular Saws

o   Band Saws

o   Shears and Nibblers

·         Material Removal Tools:

o   Sanders/Polishers/Buffers

o   Air Scalers

o   Grinders

§  Angle Grinders

§  Die and Straight Grinders

·         Routing Tools

o   Routers/Planers/Joiners

·         Others (Measuring and Layout Tools, Laser Tools, Dust Extractors, Glue Guns, and Heat Guns)


By Mode of Operation

·         Electric

o   Corded Tools

o   Cordless Tools

·         Pneumatic

·         Others


By Application

·         Industrial/Professional

·         Construction (Concrete and Woodworking)

o   Facility Management

·         Automotive (Metalworking/Metal Fabrication)

·         Aerospace (Metalworking/Metal Fabrication)

·         Energy (Metalworking)

·         Shipbuilding (Woodworking and Metalworking)

·         Other Industries (Mining, Oil & Gas, and Electronics)

·         Residential/DIY

o   Furniture


By Distribution Channel

·         Online

·         Offline


By Region

·         North America

·         Europe

·         Asia Pacific (APAC)

·         Latin America

·         Middle East & Africa



The market has been segmented into North America (the United States, Canada, and Mexico), Europe (Germany, the United Kingdom, France, Italy, Russia, and the rest of Europe), Asia-Pacific (China, India, Japan, and the rest of Asia-Pacific), and the rest of the world (LAMEA: Latin America, Middle East, and Africa). Throughout the study period, Asia-Pacific is expected to have the largest market share. Because of the rise in disposable income in economies such as Argentina, Nigeria, and Columbia, LAMEA is the fastest growing regional market for power tools. The urban growth and an increase in e-commerce enhanced the market of power tools.


The research report offers a competitive analysis of prominent companies operating in the global power tools market. Some of the leading players profiled in the market research report include:

·         Robert Bosch Power Tools GmbH

·         Stanley Black & Decker, Inc.

·         Makita Corporation

·         Hilti Corporation

·         Atlas Copco AB

·         Techtronic Industries Company Limited

·         Snap-on Incorporated

·         Actuant Corporation

·         Husqvarna AB

·         Illinois Tool Works

·         Panasonic Corporation

·         Hitachi Corporation

·         Ingersoll Rand, Inc.

·         Enerpac Tool Group

·         Kyocera Corporation

·         Apex Tool Group

·         Ridgid Tools

·         Koki Holdings Co., Ltd.

·         Other Players

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